Detail

Updated on August 15, 2022 at 10:16 pm

  • Land Area: 9,952 sq ft
  • Property Size: 29,310 sq ft
  • Price: $6,995,000
  • Year Built: 1932

Description

• 425 S Broadway is a 2-story commercial building located in the heart of the Downtown Los Angeles Historic Core. The property has 3 tenants and offers a buyer/investor a prime opportunity to purchase a property with existing income and long term upside.
• The Judson, a newer 60-unit apartment building, is directly across Broadway, as are The Broadway Lofts, with newer studio to 2-bedroom apartments in a 1907 Renaissance Revival style building. Perla, a 35-story condominium complex, is also across from the subject at the corner of 4th Street and Broadway.
• The Citizen M Hotel and Grand Central Market are a block away, and nearby amenities include the Apple Store, Ace Hotel, Urban Outfitters, the Broadway Trade Center, Theory, Acme Studio, home design stores, restaurants and more.
• 3 tenants currently pay $29,200 per month
• Actual gross annual income = $350,400; actual annual expenses = $133,137; NOI = $217,263.
• Actual cap rate = 3.1%

Property Documents

  • Marketing Package for 425 S Broadway
  • Address: 425 S Broadway
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90013
  • Neighborhood: Downtown Los Angeles
  • Country: United States

Contact info

Bradley A. Luster
Bradley A. Luster
213.747.4154213.276.2483
Linkedin
Anthony S. Behar
Anthony S. Behar
213.747.8426310.880.2329
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